£224,823
This estimated value is based upon the latest sale price for the house of £182,500 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £182,500 | 31 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,006 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.191%.Applying this 23.191% change to the original purchase price of £182,500 results in an estimated price of approximately £224,823.
| 31 Aug 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.0 | 23.191 % | £182,500 | £42,323 | £224,823 |
The Postcode Pricing Model uses changes in average sales price within the WV3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -58.975 % | £-107,628 | £74,871 |
| 3 Month Average | 12.456 % | £22,732 | £205,232 |
| 6 Month Average | 12.317 % | £22,477 | £204,977 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £276,683 | £275,000 | 3 MARCHANT ROAD |
| 20 Oct 2022 | £275,899 | £280,000 | 1 PAGET ROAD |
| 21 Oct 2021 | £264,482 | £240,000 | 33 PAGET ROAD |
| 17 Sep 2021 | £279,043 | £260,000 | 17 PAGET ROAD |
| 27 Aug 2021 | £262,222 | £236,000 | 7 MARCHANT ROAD |
This house has a floor area of 93 sq meters or 1,006 sq feet when measured on 14 Jan 2012. Using an estimated price of £224,824 means this house is valued at £2,404 per sq meter (£223 per sq foot).
The average size of a house on MARCHANT ROAD is 157 sq meters (1,693 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clark Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clark Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clark Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Marchant Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Westland Road |